NO.PZ2018062003000159
问题如下:
If we set the policy rate equal to the neutral interest rate, which targets may not be obtained:
选项:
A.Balanced budgets.
B.Stable inflation.
C.Real trend rate of growth of the underlying economy.
解释:
A is correct.
The neutral rate for any economy comprises two components: the stable long-run inflation and the real trend rate of growth of the underlying economy.Thus, the neutral rate of interest neither stimulates nor slows down the underlying economy.
考点:The neutral rate
解析:中性利率包含两部分,一是长期稳定的通胀率,二是真实的经济增长趋势。
如果一国把政策利率设定为中性利率水平,那么它不仅能保持稳定的通胀率,同时还能获取真实的经济增长趋势,所以B,C选项都不入选。
一国的预算平衡是通过财政政策调节,而非中性利率一类的货币政策调节,所以A选项入选。
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